What will happen? Of course noone knows. However, if you look at the 3M timeframe to the past with #Heikin-Ashi candles and copy bars pattern (blue candles) from past cycle ... you get what you see on the screen.
Please have a look in updated version of this chart (link in related ideas).
tgreg
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BTC had before 3-4 red candles after each ATH. We are now during the 2nd in current cycle.
terrybit123
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the correction will not be as server as previous cycles because the top was not as high. BTC is a more mature asset. it takes a lot more money to pump and dump. Expect a total of a -65% correction. Max Down to 25K (could be a wick) to close the futures gap.
tgreg
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@terrybit123, the drawn light blue bar pattern has bottom at ~23k. Of course we don't know that, if this happens. You are right, that BTC is much more mature nowadays. This causes all financial assets more stable. But ... Bitcoin wasn't before in such a situation of post covid depression with global market and delivery chains disturbances and started Ukraine-Russian war. This might cause much bigger price actions, as we could imagine.